tag:blogger.com,1999:blog-48468144982835851052015-08-01T23:35:44.473-07:00Westside RE ComparablesTHE WEBSITE THAT CHRONICLES RECENT PRICES ON THE WESTSIDE OF LOS ANGELES.
DISCLAIMER: I do not take responsibility for the information presented here. I try to report information as accurately possible, but please do your own due dilligence. Always, consult your financial professional, before making any financial decisions.
Private questions can be sent to latesummer2009s@gmail.comLatesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.comBlogger158125tag:blogger.com,1999:blog-4846814498283585105.post-53396296556206396022015-07-07T20:00:00.001-07:002015-07-08T05:44:48.550-07:00Where Are Other Places to Live Besides Los Angeles?More and more people are feeling locked into their homes even though they may have sufficient equity. Part of the problem is their property taxes could increase substantially if they move from one Westside neighborhood to another. This is increasingly true for baby boomers who are now beginning to retire or others wishing for a lower cost of living. One option is to just move out of Los Angeles. <span style="color: #3d85c6;"><b>As entry level homes in decent areas on The Westside approach $1,000,000</b></span>, <span style="color: #3d85c6;"><b>where are people moving to that is not so expensive?</b></span> Other cities in California? Other cities in the United States? Other cities in other countries? <span style="color: #cc0000;"><b>Let's hear where people are migrating to in 2015</b>.</span><br /><br />Here's one:<br /><br /><b>Taxco, Mexico</b><br /><a href="http://mexdesc.impresionesaerea.netdna-cdn.com/images/destinos/taxco/vistapanoramica_ciudad_taxco.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="http://mexdesc.impresionesaerea.netdna-cdn.com/images/destinos/taxco/vistapanoramica_ciudad_taxco.jpg" height="162" width="320" /></a><br /><br /><br />(Click on picture to enlarge)<br /><br /><br /><br /><br /><b>An example of a home located here for $349,000</b><br /><div class="separator" style="clear: both; text-align: center;"><a href="http://4.bp.blogspot.com/-vgGcnjGCkWg/VZyRAN1PyII/AAAAAAAAAOs/SdzIOtACFoE/s1600/Taxco%2BHouse%2BPhotos%2Band%2Bmore%2B495.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="http://4.bp.blogspot.com/-vgGcnjGCkWg/VZyRAN1PyII/AAAAAAAAAOs/SdzIOtACFoE/s320/Taxco%2BHouse%2BPhotos%2Band%2Bmore%2B495.JPG" width="320" /></a></div><br /><br /><br /><br />(Click on picture to enlarge)<br /><br /><br /><br /><br /><br /><br />5715 Sq. Ft. Villa, 4Br,3Bth, Terrace, 2 Car Gar, 3 Commercial Spaces, 5 minute walk to city center<br /><a href="http://www.taxcomxvilla.weebly.com/">www.taxcomxvilla.weebly.com</a><br /><br /><br />Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com1tag:blogger.com,1999:blog-4846814498283585105.post-60791252723500526362015-07-07T19:25:00.003-07:002015-07-07T19:25:51.887-07:00ROLLING SALES BY THE LATEST WEEK OR MONTH FOR ALL WESTSIDE AREAS Find out the most recent sales on The Westside with the touch of a button. You can <b><span style="color: #0b5394;"><span style="color: #3d85c6;">search sales by the latest week or month in the area of interest</span>.</span></b> Sales can than be sorted by Price, $/Sq. Ft., Bedrooms, Bathrooms or Sq. Ft. You can even plug in your own property and do a quick market analysis and estimate the value of your own home. Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-78025709511119098192015-07-07T19:00:00.000-07:002015-07-07T19:00:09.648-07:00Venice Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/zipcode/90291/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37590&amp;region_type=2&amp;market=socal">Venice weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="http://www.redfin.com/zipcode/90291/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=37590&amp;region_type=2&amp;market=socal"><span style="color: #336d99;">Venice monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-62662091375071513312015-07-07T13:18:00.000-07:002015-07-07T19:00:33.395-07:00Santa Monica Weekly and Monthly TransactionsHere is a list of <a href="http://www.santamonicameltdownthe90402.blogspot.com/">Santa Monica weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="http://www.santamonicameltdownthe90402.blogspot.com/"><span style="color: #336d99;">Santa Monica&nbsp;monthly transactions from Redfin</span></a></span>.</span> These links will take you to my other website for Santa Monica called <a href="http://www.santamonicameltdownthe90402.blogspot.com/">Santa Monica Comparables</a> and give you recent data for 90401,90402,90403,90404 and 90405. You can post questions here or on the other website about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-13890917279048250852015-07-07T13:17:00.001-07:002015-07-07T19:03:33.182-07:00Marina del Rey Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/zipcode/90292/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37591&amp;region_type=2&amp;market=socal">Marina del Rey weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/zipcode/90292/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=37591&amp;region_type=2&amp;market=socal">Marina del Rey monthly transactions from Redfin</a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-48002563488063203632015-07-07T13:17:00.000-07:002015-07-07T19:07:45.021-07:00Mar Vista Weekly and Monthly TransactionsHere is a list of&nbsp;<a href="https://www.redfin.com/zipcode/90066/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37513&amp;region_type=2&amp;market=socal">Mar Vista weekly</a> and <span style="color: black;"><a href="https://www.redfin.com/zipcode/90066/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=37513&amp;region_type=2&amp;market=socal">Mar Vista monthly transactions from Redfin</a>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-77215145378182684092015-07-07T13:07:00.000-07:002015-07-07T13:07:28.976-07:00Rancho Park, Cheviot Hills Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/zipcode/90064/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37511&amp;region_type=2&amp;market=socal">Rancho Park,Cheviot Hills weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/zipcode/90064/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37511&amp;region_type=2&amp;market=socal"><span style="color: #336d99;">Rancho Park, Cheviot Hills Monthly transactions</span></a></span>.</span> Post questions about any specific transaction for others in the area.<br /><br /><br />Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-54587832360705480462015-07-07T12:58:00.000-07:002015-07-07T12:58:25.516-07:00Beverlywood Weekly and MonthlyTransactionsHere is a list of <a href="https://www.redfin.com/neighborhood/10478/CA/Los-Angeles/Beverlywood-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=10478&amp;region_type=1&amp;market=socal">Beverlywood weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/neighborhood/10478/CA/Los-Angeles/Beverlywood-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=10478&amp;region_type=1&amp;market=socal"><span style="color: #336d99;">Beverlywood Monthly transactions</span></a></span>.</span> Post questions about any specific transaction for others in the areaLatesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-15585272081192237452015-07-07T12:39:00.000-07:002015-07-07T12:49:26.757-07:00Beverly Hills Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/city/1669/CA/Beverly-Hills/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=1669&amp;region_type=6&amp;market=socal">Beverly Hills weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/city/1669/CA/Beverly-Hills/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=1669&amp;region_type=6&amp;market=socal"><span style="color: #336d99;">Beverly Hills monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-19037296234198280152015-07-07T12:30:00.000-07:002015-07-07T12:30:03.029-07:00Beverly Hills Post Office Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/neighborhood/50238/CA/Beverly-Hills/Beverly-Hills-Post-Office/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=50238&amp;region_type=1&amp;market=socal">Beverly Hills Post Office weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/neighborhood/50238/CA/Beverly-Hills/Beverly-Hills-Post-Office/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=50238&amp;region_type=1&amp;market=socal"><span style="color: #336d99;">Beverly Hills Post Office monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-72622188527453835292015-07-07T12:17:00.000-07:002015-07-07T12:17:49.921-07:00West Hollywood Weekly and Monthly TransactionsHere is a list of <a href="http://www.redfin.com/homes-for-sale#!market=socal&amp;region_id=20771&amp;region_type=6&amp;sf=&amp;sold_within_days=7&amp;uipt=3,2,1&amp;v=8">West Hollywood weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="http://www.redfin.com/homes-for-sale#!market=socal&amp;region_id=20771&amp;region_type=6&amp;sf=&amp;sold_within_days=30&amp;uipt=3,2,1&amp;v=8"><span style="color: #336d99;">West Hollywood&nbsp;monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-2777802764941811422015-07-07T10:00:00.005-07:002015-07-07T14:02:34.757-07:00Culver City Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/city/4557/CA/Culver-City/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=4557&amp;region_type=6&amp;market=socal">Culver City weekly</a> and <a href="https://www.redfin.com/city/4557/CA/Culver-City/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=4557&amp;region_type=6&amp;market=socal">Culver City monthly transactions from Redfin</a>. Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-34383244133027374092015-07-07T10:00:00.004-07:002015-07-07T11:58:38.144-07:00Bel Air & Westwood Weekly and Monthly TransactionsHere is a list of&nbsp;<a href="https://www.redfin.com/neighborhood/169/CA/Los-Angeles/Bel-Air-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=169&amp;region_type=1&amp;market=socal">Bel Air weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/neighborhood/169/CA/Los-Angeles/Bel-Air-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=169&amp;region_type=1&amp;market=socal"><span style="color: #336d99;">Bel Air monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area. And a list of <a href="https://www.redfin.com/neighborhood/3055/CA/Los-Angeles/Westwood/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=3055&amp;region_type=1&amp;market=socal">Westwood weekly</a> and <a href="http://www.redfin.com/neighborhood/3055/CA/Los-Angeles/Westwood/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=3055&amp;region_type=1&amp;market=socal">Westwood monthly transactions from Redfin</a>. Post questions for others about any specific transactions.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-19442153078861776332015-07-07T10:00:00.003-07:002015-07-07T11:38:45.019-07:00Brentwood Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/neighborhood/258/CA/Los-Angeles/Brentwood-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=258&amp;region_type=1&amp;market=socal">Brentwood weekly</a> and&nbsp;<span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/neighborhood/258/CA/Los-Angeles/Brentwood-Los-Angeles-CA/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=258&amp;region_type=1&amp;market=socal"><span style="color: #336d99;">Brentwood&nbsp;monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-18127725132763032882015-07-07T10:00:00.002-07:002015-07-07T11:28:31.749-07:00Pacific Palisades Weekly and Monthly TransactionsHere is a list of <a href="http://www.redfin.com/homes-for-sale#!market=socal&amp;region_id=37583&amp;region_type=2&amp;sf=&amp;sold_within_days=7&amp;uipt=3,2,1&amp;v=8">Pacific Palisades weekly</a> and <span style="color: black;"><span style="color: #336d99;"><a href="http://www.redfin.com/homes-for-sale#!market=socal&amp;region_id=37583&amp;region_type=2&amp;sf=&amp;sold_within_days=30&amp;uipt=3,2,1&amp;v=8"><span style="color: #336d99;">Pacific Palisades monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-73654674708688301192015-07-07T10:00:00.001-07:002015-07-07T11:25:07.967-07:00West LA Weekly and Monthly TransactionsHere is a list of <a href="https://www.redfin.com/zipcode/90025/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37472&amp;region_type=2&amp;market=socal">West LA weekly</a> and&nbsp;&nbsp;<span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/zipcode/90025/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=37472&amp;region_type=2&amp;marke"><span style="color: #336d99;">West LA monthly transactions </span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-55409880150226300942015-07-07T10:00:00.000-07:002015-07-07T11:23:48.166-07:00Malibu Weekly and Monthly TransactionsHere is a list of <a href="http://www.redfin.com/zipcode/90272/filter#!sf=&amp;sold_within_days=7&amp;v=8&amp;sst=&amp;region_id=37583&amp;region_type=2&amp;market=socal">Malibu weekly</a> and&nbsp;<span style="color: black;"><span style="color: #336d99;"><a href="https://www.redfin.com/zipcode/90272/filter#!sf=&amp;sold_within_days=30&amp;v=8&amp;sst=&amp;region_id=37583&amp;region_type=2&amp;market=socal"><span style="color: #336d99;">Malibu monthly transactions from Redfin</span></a></span>.</span> Post questions about any specific transaction for others in the area.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com0tag:blogger.com,1999:blog-4846814498283585105.post-27431999374342089442015-07-07T07:30:00.000-07:002015-07-11T08:29:31.635-07:00Earthquake/Tsunami Factor of House BuyingUnfortunately, the terrible earthquake and tsunami in Japan, has people thinking "<strong><span style="color: #3366ff;">Could that really happen here?"</span></strong> The answer is; <strong><span style="color: red;">Yes.</span></strong> Although it wouldn't be 8.9 in magnitude, <strong><span style="color: #3366ff;">the local faults here could produce an earthquake in the 7s.</span></strong> This isn't anything new, but I am sure your local real estate agent hasn't mentioned it. Seismic hazard zone disclosures are required in any real estate transaction, but are usually scant and buried somewhere in a mound of paperwork. To be honest, Los Angeles is riddled with faults, but the major ones of concern are:<br /><br />1) <strong><span style="color: black;"><em>Santa Monica/Malibu Fault</em></span></strong><br />2) <strong><span style="color: red;"><em><span style="color: black;">Newport/Inglewood Fault</span></em></span></strong><br />3) <strong><span style="color: black;"><em>Elysian Park Fault</em></span></strong><br />4) <strong><span style="color: black;"><em>Whittier Fault</em></span></strong><br />5) <strong><span style="color: black;"><em><span class="blsp-spelling-error" id="SPELLING_ERROR_0"><span class="blsp-spelling-error" id="SPELLING_ERROR_0">Palos</span></span> <span class="blsp-spelling-error" id="SPELLING_ERROR_1"><span class="blsp-spelling-error" id="SPELLING_ERROR_1">Verdes</span></span> Fault</em></span></strong><br />6)<strong> <span style="color: black;"><em><span class="blsp-spelling-error" id="SPELLING_ERROR_2"><span class="blsp-spelling-error" id="SPELLING_ERROR_2">Northridge</span></span> Fault</em></span></strong><br />and of course,<br />7) <strong><em>San Andreas Fault</em></strong><br /><br />In reality, there are many unknown faults in Los Angeles called blind thrusts (buried beneath the surface), that are invisible. The <span class="blsp-spelling-error" id="SPELLING_ERROR_3">Northridge</span> Earthquake of 1994 is a previously undiscovered blind thrust fault. <strong><span style="color: #3366ff;">Anyplace in the city where small hills or mountains exist, is due to faulting.</span></strong> For example, The Culver Crest Area in Culver City has great views, because it sits at the end of the Newport/Inglewood fault. Even though most people prefer not to think about earthquakes when buying a home, it should factor in your decision. The LA Basin happens to be one of the most seismically active areas in the world.<br /><br />So which area would be most impacted? It depends on the fault in question. Perhaps, the <strong><span style="color: #3366ff;">2 faults of most concern are; the Santa Monica/Malibu and Newport/Inglewood Faults</span></strong>. Not the San Andreas Fault. <strong><span style="color: #3366ff;">The San Andreas Fault, <span class="blsp-spelling-corrected" id="SPELLING_ERROR_4">capable</span> of a magnitude 8 earthquake</span></strong> is located over 60 miles away. Our local faults, although smaller, are located right here. The Santa Monica/Malibu Fault extends from Los <span class="blsp-spelling-error" id="SPELLING_ERROR_5"><span class="blsp-spelling-error" id="SPELLING_ERROR_5">Feliz</span></span>, all along the Santa Monica Mountains west, to Malibu. From there, it continues offshore into the Santa Monica Bay. <strong><span style="color: #3366ff;"><span style="color: red;">If a magnitude 6 or 7 earthquake occurs offshore, we almost certainly will have a tsunami</span>.</span></strong> The most affected would be the low lying areas of:<br /><br />Malibu (<strong><span style="color: #3366ff;">Malibu Colony</span></strong>)<br />Santa Monica (<strong><span style="color: #3366ff;">Ocean Park</span></strong>)<br />Venice (<strong><span style="color: #3366ff;"><span class="blsp-spelling-error" id="SPELLING_ERROR_6"><span class="blsp-spelling-error" id="SPELLING_ERROR_6">Oakwood</span></span>/ Boardwalk Area</span></strong>)<br />Marina <span class="blsp-spelling-error" id="SPELLING_ERROR_7"><span class="blsp-spelling-error" id="SPELLING_ERROR_7">del</span></span> Rey (<strong><span style="color: #3366ff;">Entire area</span></strong>)<br /><span class="blsp-spelling-error" id="SPELLING_ERROR_8"><span class="blsp-spelling-error" id="SPELLING_ERROR_8">Playa</span></span> Vista &amp; Culver City (<strong><span style="color: #3366ff;"><span class="blsp-spelling-error" id="SPELLING_ERROR_9"><span class="blsp-spelling-error" id="SPELLING_ERROR_9">Ballona</span></span> Creek</span></strong>)<br />Mar Vista (<strong><span style="color: #3366ff;">Marina <span class="blsp-spelling-error" id="SPELLING_ERROR_10"><span class="blsp-spelling-error" id="SPELLING_ERROR_10">del</span></span> Rey Adjacent</span></strong>)<br /><span class="blsp-spelling-error" id="SPELLING_ERROR_11">Playa</span> <span class="blsp-spelling-error" id="SPELLING_ERROR_12">del</span> Rey (<strong><span style="color: #3366ff;">Jungle Area</span></strong>)<br />El Segundo (<strong><span style="color: #3366ff;">Strand</span></strong>)<br />Manhattan Beach (<strong><span style="color: #3366ff;">Strand</span></strong>)<br /><span class="blsp-spelling-error" id="SPELLING_ERROR_11"><span class="blsp-spelling-error" id="SPELLING_ERROR_13">Hemosa</span></span> Beach (<strong><span style="color: #3366ff;">Strand</span></strong>)<br /><span class="blsp-spelling-error" id="SPELLING_ERROR_12"><span class="blsp-spelling-error" id="SPELLING_ERROR_14">Redondo</span></span> Beach (<strong><span style="color: #3366ff;">Strand</span></strong>)<br /><br /><span style="color: black;"><em><strong>Marina <span class="blsp-spelling-error" id="SPELLING_ERROR_13"><span class="blsp-spelling-error" id="SPELLING_ERROR_15">del</span></span> Rey especially, would take the worst hit.</strong></em></span><br /><span style="color: black;"><em><strong><br /></strong></em></span><span style="color: #3366ff;"><strong>The Newport/Inglewood Fault, capable of a 7.0 earthquake,</strong> </span><span style="color: black;">would <span class="blsp-spelling-corrected" id="SPELLING_ERROR_14">devastate</span> the <span class="blsp-spelling-corrected" id="SPELLING_ERROR_15">communities</span> from <em><strong>Newport to Culver City and its surrounding areas</strong></em>. It too, extends offshore </span><span style="color: #3366ff;"><strong>along with the <span class="blsp-spelling-error" id="SPELLING_ERROR_16"><span class="blsp-spelling-error" id="SPELLING_ERROR_16">Palos</span></span> <span class="blsp-spelling-error" id="SPELLING_ERROR_17"><span class="blsp-spelling-error" id="SPELLING_ERROR_17">Verdes</span></span> Fault, and both are capable of a</strong><strong> tsunamis</strong></span><span style="color: #3366ff;">.</span>In conclusion, I would consider a few things about earthquakes and tsunamis before buying a home close to Santa Monica Bay. First, avoid subterranean parking at all cost. They are known to collapse in severe shaking. Secondly, <strong><span style="color: #3366ff;">buy earthquake insurance</span></strong>. If it is not available, find another home. Third, pay attention to<a href="http://www.conservation.ca.gov/cgs/geologic_hazards/Tsunami/Inundation_Maps/LosAngeles/Pages/LosAngeles.aspx"> Tsunami Zone </a>and <a href="http://www.quake.ca.gov/gmaps/ap/ap_maps.htm">Earthquake Zone Maps</a>. They are there for a reason. If you want an ocean view, elevate yourself some, rather than being oceanfront at ground level. Lastly, always make sure the homes' foundation is solid and hasn't been damaged in the past.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com21tag:blogger.com,1999:blog-4846814498283585105.post-71817442834770358302015-07-06T10:30:00.000-07:002015-07-11T08:22:39.310-07:00Which Areas Will Fare Best in a Large Earthquake?Living in Southern California, whether you like it or not, means being prepared for earthquakes. The area is <span style="color: #3333ff;"><strong>riddled with faults due to an unusual bend in the San Andreas</strong></span>. Another concern is <strong><span style="color: red;">how the ground your home is built on reacts in the event of a large earthquake</span></strong>. Haiti should be a wake-up call for each of us to determine our relative risk. There are 2 websites you can check, to see if you live in any seismic hazard zones. The first map is to help you locate the <a href="http://earthquake.usgs.gov/hazards/qfaults/">earthquake faults in the Los Angeles Area . </a> Click on the faults for more information. The second map shows what areas would <span class="blsp-spelling-corrected" id="SPELLING_ERROR_1">liquefy</span> or settle in the event of a major earthquake. This is the <a href="http://gmw.consrv.ca.gov/shmp/html/pdf_maps_so.html">Southern California <span class="blsp-spelling-corrected" id="SPELLING_ERROR_2">Liquefaction</span> Map</a>. Click on your square for a detailed map. Most will want to select the Venice, Beverly Hills or <span class="blsp-spelling-error" id="SPELLING_ERROR_3">Topanga</span> squares, then zoom in to find your location.<br /><br />Nobody likes to think about earthquakes, but the fact is we live in earthquake country. Besides being prepared, it's important to know how susceptible an area is during an earthquake This could affect your decision in choosing where to live.<strong> How many <span style="color: black;">people do you think even have earthquake insurance these days?</span></strong>Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com60tag:blogger.com,1999:blog-4846814498283585105.post-6370987654380707202015-07-05T19:19:00.000-07:002015-07-11T08:24:08.390-07:00The Emotional Cycle Of Real EstateIs it possible to gauge where we are in the real estate cycle by the emotions of human beings? Many believe there is. It is a Sin Wave called <a href="http://images.search.yahoo.com/images/view;_ylt=A2KJkIY7u1FO7yUAqsqJzbkF;_ylu=X3oDMTA3cnMybzJvBHNsawNpbWc-?back=http%3A%2F%2Fimages.search.yahoo.com%2Fsearch%2Fimages%3Fp%3Dpoints%2Bof%2Bmaximum%2Bfinancial%2Bopportunity%26ei%3DUTF-8%26fr%3Dslv8-fp%26fr2%3Dtab-web%26b%3D1%26tab%3Dorganic&amp;w=719&amp;h=479&amp;imgurl=www.bradofficer.com%2Fwp-content%2Fuploads%2F2009%2F06%2Fmarket-emotions-cycle1.jpg&amp;rurl=http%3A%2F%2Fwww.bradofficer.com%2Fjacksonvillehousing-market-cycles%2F&amp;size=113+KB&amp;name=by+Brad+Officer+-+Jacksonville+Real+Estate+Agent+on+June+18%2C+2009&amp;p=points+of+maximum+financial+opportunity&amp;oid=72800f716c51be454ceba222ac7010d0&amp;fr2=tab-web&amp;fr=slv8-fp&amp;tt=by+Brad+Officer+-+Jacksonville+Real+Estate+Agent+on+June+18%2C+2009&amp;b=0&amp;ni=28&amp;no=25&amp;tab=organic&amp;sigr=11trk77g0&amp;sigb=1460odb91&amp;sigi=12935d9m1&amp;.crumb=n.mzPp0Lx4I"><strong><span style="color: #6600cc;"><em>The Point Of Maximum Opportunity</em></span></strong>.</a> It runs through 15 different stages. <br /><br />1) <strong><span style="color: #3366ff;">Optimisim</span></strong><br />2) <strong><span style="color: #3366ff;">Excitement </span></strong><br />3) <strong><span style="color: #3366ff;">Thrill </span></strong><br />4) <strong><span style="color: #3366ff;">Euphoria</span> </strong>(<strong>Point of Maximum Financial <span style="color: black;">Risk</span></strong>) <br />5) <strong><span style="color: red;">Anxiety</span></strong><br />6) <strong><span style="color: red;">Denial </span></strong><br />7) <strong><span style="color: red;">Fear </span></strong><br />8) <strong><span style="color: red;">Desperation </span></strong><br />9) <strong><span style="color: red;">Panic </span></strong><br />10) <strong><span style="color: red;">Capitulation </span></strong><br />11)<strong><span style="color: red;"> Despondency </span></strong><br />12 (<strong>Point of Maximum Financial <span style="color: black;">Opportunity</span></strong>) <br />13) <strong><span style="color: #3366ff;">Depression </span></strong><br />14)<strong><span style="color: #3366ff;"> Hope </span></strong><br />15) <strong><span style="color: #3366ff;">Relief <br /></span></strong>And Back to <strong><span style="color: #3366ff;">Optimism <br /></span></strong><br />What stage is The Westside on now?<br /><br />Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com61tag:blogger.com,1999:blog-4846814498283585105.post-51750573525302607372012-01-16T11:58:00.000-08:002012-01-19T14:26:21.989-08:00Best Areas With Good Public Elementary Schools And Homes Under $1,000,000One of our readers&nbsp;suggested&nbsp;this thread.&nbsp;For families with young children, a good public elementary&nbsp;school is one of the prime factors in choosing a home.&nbsp;The cost of private schools can take a huge&nbsp;bite&nbsp;out of your income and reduce the amount spent on housing. Why not find a good public school&nbsp;to maximize this amount. The question is, where?<strong><span style="color: #3d85c6;">&nbsp;On Redfin,&nbsp;they list a Great Schools Ratings ranging from 1 - 10, based on standardized test scores and school performance</span></strong>. Although not the only way to judge a public school, at least it's an objective measure&nbsp;in which to evaluate&nbsp;how well their curriculums&nbsp;are aligned to&nbsp;the California State Standards. <br />Santa Monica, Brentwood, Bel Air, Pacific Palisades and Culver City have&nbsp;some of the best public elementary schools, with homes under $1,000,000. <span style="color: #3d85c6;"><strong>Lets compare a few in the $850,000 - $925,000 range and see what you get.</strong></span> In addition, I'll list the public elementary schools along with their&nbsp;Great School Rating.<br /><br /><strong>SANTA MONICA</strong><br /><span id="goog_1506431270"></span><a href="http://www.redfin.com/CA/Santa-Monica/436-Entrada-Dr-90402/home/6840219"><span style="color: #3d85c6;"><strong>436 Entrada Drive<span id="goog_1506431271"></span></strong></span></a> 90402<br />3+1.75, 1534 sqft<br />YB 1948, 10668 sqft Lot<br />SOLD on 12/23/11 for <strong>$925,000</strong><br /><strong><span style="color: red;">2 Lots</span></strong><br /><em>Canyon Elementary School</em> <span style="color: purple;"><strong>(10)</strong></span><br /><br /><strong>BRENTWOOD</strong><br /><a href="http://www.redfin.com/CA/Los-Angeles/1036-N-Kenter-Ave-90049/home/6861224"><span style="color: #3d85c6;"><strong>1036 N. Kentner Avenue</strong></span></a> 90049<br />2+3, 2694 sqft<br />YB 1960, 5378 sqft Lot<br />SOLD on 3/31/05 for <strong>$1,630,000</strong><br />SOLD on 11/2/11 for <strong><span style="color: red;">$925,000</span> (-42.2%)</strong><br /><strong><span style="color: red;">Short Sale</span></strong><br /><em>Kentner Canyon Elementary</em><span style="color: purple;"><strong> (10)</strong></span><br /><br /><strong>BEL AIR</strong><br /><a href="http://www.redfin.com/CA/Los-Angeles/1333-Stradella-Rd-90077/home/6829734"><span style="background-color: white; color: #3d85c6;"><strong>1333 Stradella Road</strong></span></a> 90077<br />3+2, 2660 sqft<br />YB 1973, 13939 sqft Lot<br />SOLD on 11/28/11 for <strong>$880,000</strong><br /><strong><span style="color: red;">Short Sale</span></strong><br /><em>Community Magnet</em>&nbsp;<span style="background-color: white; color: purple;"><strong> (9)</strong></span><br /><em>Roscomare Elementary School</em> <strong><span style="color: purple;">(10)</span></strong><br /><br /><strong>PACIFIC PALISADES</strong><br /><a href="http://www.redfin.com/CA/Pacific-Palisades/891-Chattanooga-Ave-90272/home/6844095"><span style="color: #3d85c6;"><strong>891 Chattanooga Avenue</strong></span></a> 90272<br />3+2, 1273 sqft<br />YB 1953, 5200 sqft Lot<br />SOLD on 7/22/05 for <strong>$1,350,000</strong><br />SOLD on 11/29/11 for <strong><span style="color: red;">$917,000</span> (-32.1%)</strong><br /><strong><span style="color: red;">Short Sale</span></strong><br />Marquez Charter Elementary <strong><span style="color: purple;">(10)</span></strong><br /><br /><strong>CULVER CITY</strong><br /><a href="http://www.redfin.com/CA/Culver-City/5263-Dobson-Way-90230/home/6727410"><span style="color: #3d85c6;"><strong>5263 Dobson&nbsp;Way</strong></span></a> 90230<br />4+2, 1794 sqft<br />YB 1950, 6286 sqft Lot<br />SOLD on 11/29/11 for <strong>$855,000</strong><br /><em>La Ballona Elementary</em> <strong><span style="color: purple;">(7)</span></strong><br /><em>Farraquat Elementary</em> <strong><span style="color: purple;">(10)</span></strong><br /><br /><strong><span style="color: black;">Please fill us in, if you have information about these homes or elementary schools. Also, the cost of competing private schools would be helpful.</span></strong>Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com7tag:blogger.com,1999:blog-4846814498283585105.post-50156796884239398552011-12-03T18:34:00.000-08:002011-12-03T19:59:05.298-08:00What Are The Best Public High Schools On The Westside?This question seem to comes up over and over in our discussions.&nbsp;<span style="color: black;">Certainly a huge factor for families moving to an area is, what are the public schools like in the neighborhood ?</span> <span style="color: #3d85c6;"><strong>Without a doubt, parent involvement is vital to a good school.</strong></span> Without getting into a full blown discussion about private versus public schools, let's discuss what people know about the different public high schools on the Westside.<br /><br />Here is a list of schools&nbsp;of which to discuss.<br /><br />Palisades High<br />Venice High<br />University High<br />Hamilton High<br />Fairfax High<br />Hollywood High<br />Marshall High<br />Westchester High<br />Santa Monica High<br />Malibu High<br /><br />Culver City High<br /><br />Beverly Hills High<br /><br />If you are familiar with any of these high schoosl, let us know your experiences with them.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com29tag:blogger.com,1999:blog-4846814498283585105.post-43277698698750011342011-02-22T21:13:00.000-08:002011-02-23T00:12:26.712-08:00The Pride of Ownership"Think of owning your own home" The American Dream, and favorite real estate agent mantra, has turned i<a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/Case%20Shiller%20December.jpg"></a>nto a nightmare.<strong><span style="color:#3366ff;"> <em>Anyone who bought during the last decade, is watching a slow-motion trainwreck, as home prices drop back to <span style="color:#000000;">2006, 2005, 2004, 2003</span> and beyond.</em></span></strong> The last real estate boom on the Westside, began in <strong><em>1997 </em></strong>and ran 10 years through <strong><em>2007</em></strong>. We are now in year 4 of the subsequent bust and have another 5-6 years to go, before we see a drop of appreciation. Think <strong><em>2017</em></strong>, before local real estate has a chance of rising again. 10 year cycles of boom and then bust. The last real estate boom peaked in <strong><em>1987</em></strong> and didn't begin appreciating again until <strong><em>1997</em></strong>. With the latest real estate binge being the bubble of all bubbles, I'm afraid we have much pain still ahead.<br /><br />But, let's say your tired of waiting and decide to jump into the market, while interest rates are low. (Another bogus real estate agent argument) <strong><em>With <span style="color:#009900;">$3,200 a month</span> to spend on housing after the tax break, what can you get?</em><br /></strong><br /><br /><a href="http://www.redfin.com/CA/Santa-Monica/709-Ozone-St-90405/home/6778323"><strong><em><span style="color:#ff0000;">709 Ozone Street</span></em></strong></a><span style="color:#ff0000;"><br /></span>Santa Monica 90405<br />2+1,<strong> <em>668 sqft<br /></em></strong>Lot size <strong><em>1999 sqft</em></strong><br />Year Built 1945<br />SOLD 2/2/11 for <strong><span style="color:#009900;"><em>$542,000<br /></em></span></strong><br /><strong><span style="color:#009900;"><em>$108,400</em></span></strong> down<br /><strong><span style="color:#009900;"><em>$3924</em></span></strong>/month payments<br />(Principal, Insurance, Taxes, Maintenance)<br /><strong><span style="color:#ff0000;"><em>-$727</em></span></strong>/ month tax break<br /><strong><span style="color:#009900;"><em>$3196</em></span></strong>/month for housing<br /><em><strong>$144,000</strong>/year of income to qualify<strong><br /></strong></em><br />OR<br /><br /><strong><span style="color:#3366ff;"><em>Rent a 2-3 bedroom home North of Wilshire </em></span></strong><br /><span style="color:#3366ff;"><span style="color:#000000;"><strong><span style="color:#009900;"><em>$3200</em></span></strong>/month </span><br /></span><em>No risk of losing your<strong> $108,000 </strong>down<br /></em>Investing your <em><strong>$108,000</strong></em> elsewhere<br />Mobile, free to move<br /><br />These and other calculations <em>to see how overpriced buying a Westside home is</em>, can be found at <a href="http://www.homebuyingtips.net/home_price_range.htm"><strong><em><span style="color:#ff0000;">HomebuyingTips.com</span></em></strong></a><strong><em><br /></em></strong><br />Even the <em>LA Times</em> had a story recently, <span style="color:#3333ff;"><span style="color:#3366ff;"><span style="color:#000000;">about</span><strong><em> people rethinking the age-old idea of owning a home here</em></strong></span>.</span> Renting has quickly become the weapon of choice for would-be buyers in LA. Why not, when you can live in a bigger house, in a better area, for less money and no risk?<br />Lastly, the<strong><em> </em></strong><a href="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/von%20havenstein/Case%20Shiller%20December.jpg"><strong><em><span style="color:#ff0000;">Case-Shiller Numbers for December 2010</span></em></strong> </a>are out now and for the 7th consecutive month, home prices are down year over year (YOY). Now that the goverment is trying to exit the housing industry, it's obvious we have double dipped.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com27tag:blogger.com,1999:blog-4846814498283585105.post-56520413969495664162010-11-08T22:20:00.000-08:002010-11-08T23:02:04.354-08:00The Real Estate Market Is All About PerceptionIt's incredible how differently people think about buying real estate now. 3 years ago, we were at the height of <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">euphoria</span> in our market cycle. Now, we are finally accepting that real estate doesn't always go up, and many <span id="SPELLING_ERROR_1" class="blsp-spelling-corrected">home debtors</span> are financially upside down. That combined, with banks not lending without a big chunk of skin and stellar credit, has turned the market to ice. Still ,we have yet to see the biggest shoe to drop, that finally clears everyone out. It happens every cycle, and this one is no different. <strong><span style="color:#3333ff;">The market will never come back, until some major event causes most to throw in the towel.</span></strong> With banks playing hide and seek and our government refusing to pull the plug, we could be in for a long drawn out process. That big shoe could very well be unemployment, which is the normal culprit in market downturns. In California, the "Unemployment Rate" according to government is a little over 12%. Most believe that's overly optimistic, by just looking around themselves. In last week's LA Times, they published statistics about voter demographics during the <span id="SPELLING_ERROR_2" class="blsp-spelling-corrected">gubernatorial</span> election. What caught me suprise was one category in particular. The question asked of ALL voters was :<br /><br /><strong><span style="color:#3333ff;">Have you have been laid off within the last 2 years?</span></strong><br /><br /><strong><span style="color:#ff0000;">34%</span></strong> <strong><span style="color:#ff0000;">Yes</span></strong><br /><strong>66% No</strong><br /><br />If that is indeed true, than unemployment and our housing market are in worse shape than anyone has led us to believe. How can someone risk their hard earned cash AND depend on such a shaky job situation that is now become the new norm. If this is our new reality, there is no way current home prices will be supported. <strong><span style="color:#3333ff;">Worst of all, with all of the negative sentiment, very few are even thinking about buying a home at current prices.</span></strong> It is all about confidence and perception, which isn't improving given our employment situation. Of course, there will be those that say "Now is the time to buy!, Rates are low, Prices have dropped" They are either industry cheerleaders, realtors desperate for a sale, or just plain out of reality. <strong>The question is, why are rates so low and still nobody is buying?</strong>Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com51tag:blogger.com,1999:blog-4846814498283585105.post-42509209184475359232010-05-30T16:01:00.000-07:002010-05-30T17:36:35.916-07:00Be Prepared to Spend 10 years in the House You Buy TodayThe old rule of thumb, before the massive 90s steroid housing bubble, was keeping a home at least 5 years, before selling it. That equation has now changed on The Westside to a new 10 year time horizon. <strong><span style="color:#000099;">As we continue with more downside over the next few years, see prices flatten out and deal with a "Burned Buyer" syndrome</span></strong>, a decade will have passed before, we see any appreciation from today's pricing.<br /><br />Let's use a purchase price of $1,000,000 on the Westside. Here is the way I see it, given today's trends:<br /><br /><strong><span style="color:#ff0000;">2010</span></strong>: Purchase a home at $1,000,000 (2004 Prices)<br /><strong><span style="color:#ff0000;">2010-2014</span></strong> prices decline 20-25% (2000 Prices)<br /><strong><span style="color:#ff0000;">2014-2017</span></strong> prices flatten out (2000 Prices)<br /><span style="color:#ff0000;"><strong>2017-2019</strong></span> prices creep back up (2004 Pricing)<br /><strong><span style="color:#ff0000;">2019-2020</span></strong> to cover maint, taxes, insur &amp; commission<br /><br />My reasoning is based on past bubbles and recent declines in the Westside Market. First of all, <strong><span style="color:#000099;">it has taken 3 years for prices to decline 20-25%</span></strong> on the Westside so far. Like every previous real estate bubble, <strong><span style="color:#000099;">we are only half way through the declines</span></strong>, by looking at a return to historical norms. The declines have been slow, but show little evidence of stopping. <strong><span style="color:#ff0000;">In 2014, we should experience total capitulation</span></strong> in the marketplace and intersect the historical norm line at <span style="color:#ff0000;"><strong>2000 pricing</strong></span>, after accounting for a standard 3-4% annual appreciation rate. <strong><span style="color:#000099;">Next, it will take 3 years to scrape along the bottom</span></strong>, as it takes time for buyers to gain any confidence in the market again. At this point, buyers painfully remembering the lessons of the last bubble, prices begin to appreciate slowly over the next 3 years. <strong><span style="color:#000099;">Finally, you should be able to cover your 2010 costs, after taxes, insurance, maintenance and sales commissions, in 2020.<br /></span></strong><br />Now, if you love the house and neighborhood, are prepared to spend at least 10 years, or have money to burn, than go for it. <strong><span style="color:#000099;">Don't believe the realtor hype about anything else.</span></strong> They make their living through sales, remember? Especially, in this marketplace, <span style="color:#000000;"><strong>they will do ANYTHING to make a sale</strong>.</span> Just because a home is discounted from a higher price doesn't necessarily make it a good purchase. <span style="color:#000099;"><strong>Perhaps, waiting a few more years before purchasing is a better strategy</strong></span>. Do your own research and definitely know what your own time horizon is.<br /><br />For those who have <strong><span style="color:#000099;"><span style="color:#ff0000;">purchased in the last 5 years, they could have to wait well into until the 20s</span>,</span></strong> to come out even again.Latesummer2009s@gmail.comhttp://www.blogger.com/profile/02624092640232514548noreply@blogger.com68